Please ensure Javascript is enabled for purposes of website accessibility

The SouthStar Bank Harker Heights ATM is currently unavailable for customer use. Click HERE to find the closest surcharge-free ATM.

To learn more about our mobile app, online banking, and more, watch our video tutorials.

Bank News

SouthStar Bank 100th Anniversary Events

We invite you to join us in celebrating our 100th Anniversary. It’s our anniversary and we are celebrating! In honor of this momentous occasion, we will be hosting mini celebrations throughout October ending on October 21st in Moulton. We would not be where we are today without our terrific customers, so we invite you to join us in celebrating. All events are free and open to everyone. Check out the event details below to find the branch party nearest you: Oct. 1: Brazoria | Hot Dogs, 11am-1pm Oct. 2: Leander | Breakfast, 8:30am-10:30am Oct. 5: Round Rock | Coffee & Tea, 8am-11am Oct. 6: Georgetown | BBQ & Ice Cream, 11am-1pm Oct. 7: Steiner Ranch | Cookies, 8am-5pm Oct. 8: Bee Cave | Cookies, 8am-5pm Oct. 9: Southwest Austin | Cookies & Ice Cream, 3pm-5pm Oct. 13: Hearne | Kona Ice, 3pm-5pm Oct. 14: Franklin | Kona Ice, 3pm-5pm Oct. 15: Bremond | Kona Ice, 3pm-5pm Oct. 15: Harker Heights | Family Movie Night, 5:30pm-8:30pm Oct. 16: Calvert | Kona Ice, 3pm-5pm Oct. 19: Gonzales | Cookies, 2:30pm-4:30pm Oct. 20: Shiner | Cookies, 9am-3pm Oct. 21: Moulton | BBQ, Live Music, & Door Prizes, 5pm-7pm

SouthStar Bank Then & Now: 1970

A look back on the Banking Industry 50 years ago. The Bank celebrated its Golden 50th Anniversary in October of 1970. Since the 25th anniversary, the Bank had made renovations to the building and W.H. Pundt took over as Bank President. Hallmark moments in 1970 banking included: September 2, 1970 marked the one-year anniversary of the first atm opening. Congress chartered the Federal Loan Mortgage Association (Freddie Mac) to provide capital to finance U.S. Housing. Automated Clearing House InterBank Payment System, a private company, was created to clear checks. The Bank Holding Company Amendments (BHCA) of 1970 were passed, requiring the Federal Reserve Board’s approval for the establishment of a bank holding company. Today, SouthStar Bank continues to evolve and expand with the renovation of our Moulton Headquarters. We will celebrate our 100th Anniversary where it all began on October 21, 5:00-7:00PM. 100 S. Main St. Moulton, TX

SouthStar Bank 100th Anniversary Book Drive Results

Thank you to everyone who donated to our book drive! Over the past 100 years SouthStar Bank has built a tradition of community service, supporting past generations and the generations to come. In honor of its 100th anniversary, SouthStar Bank continued this tradition by hosting a bank-wide book drive. Each branch partnered with local elementary schools to collect new books for their libraries. With the goal of donating 100 books in honor of its 100 years, SouthStar Bank kicked off the drive by donating 500 books. Many of the books, such as “Bunny Money” and “The Lemonade War,” provided a fun way to introduce financial education to elementary students. The book drive was met with overwhelming support from the community. Total donations exceeded 8,200 books. “What better way to celebrate than getting the community involved! We are fortunate to be a part of such a generous network who shares in our commitment to local youth.” said SouthStar Bank President David Kapavik. “Kids are our future, and it’s our goal to support their education and growth.” With this goal in mind, SouthStar Bank is continuing the celebration by offering $100 scholarship bonuses to each new youth savings account opened through September 30.

SouthStar Bank Then & Now: 1945

A look back on the Banking Industry 75 years ago. In 1945, The Farmers and Merchants Bank of Moulton (now SouthStar Bank) celebrated its 25th anniversary. During this time, the Bank moved into the old First State Bank of Moulton building. Elo C. Fehrenkamp also took over as Bank President during this year. By 1945, the Banking Industry had been largely affected by World War II: Large-scale war financing by the federal government led to the rise of Banking assets. The largest single operation performed by the Federal Reserve Banks was handling war savings bonds. U.S. government securities account for 57% of total banking assets. Today, SouthStar Bank continues to serve the people that make our communities shine. We invite you to join in our 100 year celebration in Moulton on October 21, 3:30-6:30PM.

How is my IRA affected by the CARES Act?

Learn about recent IRA changes Through the Coronavirus Aid, Relief, and Economic Security Act, known as the CARES Act, several provisions were made to help those financially or medically affected through these tough times. Although the CARES Act impacted more than individual retirement accounts (IRAs), the impact on IRAs is significant. IRA owners and beneficiaries of a deceased IRA owner should be aware of these changes in relation to their unique goals and circumstances. THE 2020 REQUIRED MINIMUM DISTRIBUTION (RMD) HAS BEEN WAIVED IRA owners and IRA beneficiaries are not required to take a distribution. The RMD provision is applicable to any Traditional IRA, including Simplified Employee Pension (SEP) and Savings Incentive Match Plan for Employees of Small Employers (SIMPLE) IRAs. If an IRA owner turned age 70.5 in 2019 and postponed his/her RMD after 2019 (until the required beginning date of April 1, 2020), the RMD is eligible to be waived. THE RMD ROLLOVER DEADLINE HAS BEEN EXTENDED TO AUGUST 31, 2020 If you have already taken your 2020 RMD, you may have the opportunity to return funds as a rollover contribution. This is also applicable to surviving spouse beneficiaries. Non-spouse surviving beneficiaries may rollover only the RMD death distribution amount received in 2020 back into the same IRA. AUTOMATIC WITHDRAWALS ARE ELIGIBLE FOR REVISIONS If you previously set up an annual RMD to be automatically withdrawn, you may contact your banker to revise the schedule. In most cases, including existing SouthStar Bank IRA Accounts, if you do not request an adjustment, it will be assumed that you intend the 2020 RMD to take place even though it is not required by law. It is recommended that you consult a tax professional regarding your intentions when adjusting planned disbursements. If you have questions regarding your SouthStar Bank IRA account, we’re here to help. Please reach out by emailing contact.us@southstarbank.com or contacting your nearest SouthStar Bank branch.

SouthStar Bank Then & Now: 1920

A look back on the Banking Industry 100 years ago. This year SouthStar Bank is celebrating its 100th anniversary. The Bank opened its doors as The Farmers and Merchants Bank of Moulton in October of 1920. The Bank was located at the present site of Moulton City Hall, and F.T. Fehrenkamp served as President along with Rudy Jaeggli as Vice President. Banking looked a bit different back in 1920: Banks offered installment loans, mortgages, and loans to stock market speculators on 90 percent margins. Printing tabulators were introduced, which not only improved speed and accuracy of balancing vault balances, but set the stage for future technology. There were no insider-trading laws 100 years later, the SouthStar Bank headquarters remains in Moulton, TX. Mark your calendar and join us to celebrate this historical milestone on October 21! 100 S. Main St. Moulton, TX | 5-7pm

SouthStar Bank 100th Anniversary Book Drive

Help us reach our goal of 100 books for 100 years. Over the past 100 years SouthStar Bank has built a tradition of community service, supporting past generations and the generations to come. In honor of our 100th Anniversary, we are continuing the tradition by hosting a bank-wide book drive. Every branch has partnered with one to two schools to help add some new books to their libraries this fall. Please consider helping us reach our goal of 100 Books for 100 Years. Our book drive is running now through September 8. New and gently used books for local students will be accepted at all SouthStar Bank Branches. Bins will be placed outside each location to adhere with social distancing guidelines. If you would like to donate virtually, click on one of the participating schools below to view their Amazon Wishlist: Bremond Elementary School– Bremond Calvert Elementary School– Calvert Chandler Oaks Elementary School– Round Rock East Avenue Primary School– Gonzales Hearne Elementary School– Hearne Lake Pointe Elementary School– Austin McCasland Christian Academy– Georgetown Moulton Elementary School– Moulton Mumford Elementary School– Mumford Norman-Sims Elementary School– Austin Pleasant Hill Elementary School– Leander Richard E. Cavazos Elementary School– Nolanville Roland Reynolds Elementary School– Franklin Rooster Springs Elementary School– Austin Shiner Elementary School– Shiner St. Ludmila Elementary School– Shiner Steiner Ranch Elementary School– Austin Sycamore Springs Elementary School– Austin Wild Peach Elementary School– Brazoria

SouthStar Bank COVID-19 Update 6.17.20

Serving our friends, families, and communities. We’re in this together. SouthStar Bank continues to monitor guidelines from health and government officials relating to the ongoing COVID-19 pandemic. As a precaution, lobby access is limited across all locations. Drive thru remains open (please see below for limited hours at select locations). Customers who have a critical need to conduct an in-person transaction or access a safe deposit box should contact your local branch for an appointment. REDUCED HOURS All locations will maintain normal drive thru hours. REMOTE BANKING SERVICES We are committed to providing uninterrupted, exceptional services while balancing the interests of our clients, our employees and others we serve. For your convenience, we provide a variety of options to help manage your accounts and maintain productivity. Allpoint ATM Network: world-wide, surcharge free ATMs CardValet®: Manage and monitor debit card activity Direct Deposit: Deposit paychecks automatically into your account Mobile App: Deposit checks with a picture and transfer funds Loan Payments: Secure, online payments using a debit card, checking or savings account Online Banking: Review transactions, transfer funds, pay bills and open accounts Online Applications: Mortgage Loan or Refinance Consumer Checking or Savings Account Zelle: Person-to-person money transfer Telebanking: 24/7 account access (866.333.9064) Unfamiliar with our remote banking options? Watch our video tutorials to learn more. ONGOING MONITORING & UPDATES Our hearts go out to all those impacted by COVID-19—including not only those diagnosed with the virus, but also their friends and family, those whose jobs and schools have been impacted, and many more. We will continue to monitor the situation as it evolves, taking additional measures as public safety authorities recommend. In the meantime, we’re grateful for your support and want you to know that the health and safety of you and your family are top of mind for us.

Congratulations Trip Ray! New Chief Risk Officer

Congratulations to Trip Ray on his promotion to Chief Risk Officer! Since joining the SouthStar Bank team in 2016, Trip has transformed the Past Due Reporting, Watch List, Problem Asset Reports, Loan Review Program, and developed a Stress Testing Plan. He is also responsible for all of the Bank’s loan reporting, including bank goals and risk reports. Trip is excited to step into his new role, and to navigate the unprecedented situations with COVID-19 – helping SouthStar Bank come out of the pandemic stronger than before. As Chief Risk Officer, Trip will expand his responsibility to all areas of risk for SouthStar Bank and will serve as the chair of the bank’s Enterprise Risk Management Committee. In his free time, Trip enjoys going on walks with his wife and dogs, playing golf, and spending time outdoors. Two of his best vacations were bonefishing in the Bahamas and Lake Tahoe. One of Trip’s biggest personal accomplishments is marrying his wife.

PPP Round 1: Loans for COVID-19 Payroll Assistance

What is the Paycheck Protection Program (PPP)? NOTICES: The deadline to apply for the Paycheck Protection Program (PPP) Round 1 was August 8, 2020. Click here for more information on PPP Round 2, available through March 31, 2021. The Paycheck Protection Program (PPP) authorizes up to $349 billion in forgivable loans to small businesses who maintain payroll during the COVID-19 crisis. Funds may be used for employee payroll (including paid sick or medical leave), employee salaries, mortgage interest payments, rent and utilities. Provides small businesses the opportunity to maintain workforce by providing funds for payroll, mortgage interest, rent and utilities Interest rate is a flat 1.0% for a max 2-year term. However, full amount may be forgiven (see PPP Loan forgiveness below) PPP loans are SBA loans, serviced through your local SBA lender – it is recommended to reach out to your primary bank or local lender first Only one PPP loan can be taken out per business (not per individual) Personal guarantees are not required What does this mean for my business? Businesses may qualify for forgivable loans in order to retain employees. The SBA can provide up to $10 million OR 2.5 times the average monthly salary over the 1-year period before the loan – whichever is less Each employee salary may not exceed $100k These loans may be used for payroll costs (including benefits), interest on mortgage obligations (incurred before Feb. 15, 2020), rent (under lease agreements in force before Feb. 15, 2020) and utilities (for which service began before Feb. 15, 2020) The first 6 months payment will be deferred, however, the loan will accrue interest Who Qualifies for a PPP Loan? All businesses which either: Have 500 or fewer employees Businesses in certain industries can have more than 500 employees if they meet applicable SBA employee-based size standards for those industries. Meet applicable NAICS Code-based size standard or other applicable SBA 7(a) loan size standard, both alone or together with its affiliates Eligible businesses include nonprofits, veterans organizations, Tribal business concerns, sole proprietorships, self-employed individuals, and independent contractors. In addition, businesses should show documentation of: Operation as of February 15, 2020 with paid employees or independent contractors Necessity of loan to support ongoing operations Funds will be used for payroll, mortgage obligations, rent or utilities How Long will PPP Funding Take? PPP applications will be accepted through your local lender and funding typically takes 2 days from receipt of completed application. Timeline is subject to change based on current volume. How do I apply for a PPP Loan? PPP applications will be accepted through your local lender beginning April 3, 2020. The SBA is continuing to provide guidance to the banks. At this time, we recommend gathering the following: Completed Paycheck Protection Program Application (SBA Form 2483) 2019 IRS Quarterly 940, 941, or 944 payroll tax reports Payroll reports for a twelve-month period (ending on your most recent payroll date), which will show the following information: Gross wages for each employee, including officer(s) if paid […]

Load More

Start typing and press Enter to search